natural gas

Mexico’s Electricity Frailty Displays Magnitude of Issues for the Next Government – Column

Mexico’s Electricity Frailty Displays Magnitude of Issues for the Next Government – Column

Editor’s Note: NGI’s Mexico Gas Price Index, a leader tracking Mexico natural gas market reform, is offering the following column by Eduardo Prud’homme as part of a regular series on understanding this process. Mexico experienced severe disruptions to its energy supply earlier this month, highlighting the vulnerability of the country’s infrastructure. These events were not…

May 24, 2024
Mexico Planning Natural Gas Infrastructure Amid Rising Nearshoring, Power Demand – Spotlight

Mexico Planning Natural Gas Infrastructure Amid Rising Nearshoring, Power Demand – Spotlight

North American natural gas futures have been on a hot streak these past two weeks as warmer temperatures and tighter supplies provided market bulls with some optimism. Bucking the trend on Thursday, the New York Mercantile Exchange June contract settled at $2.657/MMBtu, down 18.5 cents day/day. Mexico imports of U.S. gas have, meanwhile, continued to…

May 23, 2024
End-Users, Suppliers Agree: Mexico Needs Domestic Natural Gas Price Indexes

End-Users, Suppliers Agree: Mexico Needs Domestic Natural Gas Price Indexes

Mexico needs to develop its own natural gas prices, industry participants said at a recent conference. Frisa Steel’s supply and procurement director Norma Rodriguez said “as a buyer it would be very useful to have a local index.” Frisa’s steel business in northern Mexico is expanding, including a new plant being built in García, Nuevo…

May 21, 2024
Southeastern Mexico Lacks Natural Gas Access Despite Producing Most of it, Says Report

Southeastern Mexico Lacks Natural Gas Access Despite Producing Most of it, Says Report

Mexico’s next government must improve access to natural gas in the country’s south-southeastern region, according to the Instituto Mexicano para la Competitividad (IMCO) think tank.  Although the region accounts for most of Mexico’s domestic gas production, homes and businesses there lack access to the fuel, leading to higher electricity costs and fewer development opportunities than…

May 20, 2024
Mexico Power Grid Braces for Long Summer After Blackouts

Mexico Power Grid Braces for Long Summer After Blackouts

Widespread blackouts in early May across 21 of Mexico’s 32 states are a troubling sign ahead of summer months, which is when the nation’s electricity demand peaks, according to three industry experts who spoke with NGI’s Mexico GPI. “I think it’s going to be a spring and summer of constant blackouts. Not daily, but frequently,”…

May 14, 2024
Natural Gas Forward Prices Rally as LNG Demand Seen Sharply Higher; Production Remains Off Highs

Natural Gas Forward Prices Rally as LNG Demand Seen Sharply Higher; Production Remains Off Highs

North American natural gas forwards rallied across the 2024 strip during the May 2-8 trading period as sagging production readings and an incrementally supportive LNG export outlook stirred bullish optimism. Benchmark Henry Hub set the tone, with June fixed prices rallying 25.5 cents week/week to reach $2.194/MMBtu, according to NGI’s Forward Look. By Monday (May…

May 14, 2024
Sempra’s Energia Costa Azul LNG in Mexico Advancing to Summer 2025 Start

Sempra’s Energia Costa Azul LNG in Mexico Advancing to Summer 2025 Start

Sempra is betting on substantial growth in global LNG demand over the coming years despite regulatory uncertainty over the future of U.S. exports, management said. CEO Jeffrey Martin hosted a conference call to discuss first quarter 2024 earnings for the San Diego, CA-based energy firm. Through its Sempra Infrastructure unit, the company has nearly 40…

May 13, 2024
Mexico Energy Industry Expecting Improved Dialogue with Next Government

Mexico Energy Industry Expecting Improved Dialogue with Next Government

“My first hope for the next presidential administration in Mexico, whoever wins, is that they are receptive and listen to the voices of the sector,” Beatriz Marcelino, CEO of Grupo CIITA, told NGI’s Mexico GPI. “During the first years of this administration, the doors were closed for us and members of the sector and we…

May 10, 2024
Mexico Natural Gas Market Resilient Amid Blackouts, but Power System Reliability Dented – Spotlight

Mexico Natural Gas Market Resilient Amid Blackouts, but Power System Reliability Dented – Spotlight

Widespread blackouts in Mexico earlier this week hit 21 states and sent the electric power system into emergency status – but the natural gas market was largely unimpeded. Power system operator Cenace said the failures on Tuesday (May 7) were caused by soaring demand amid scorching temperatures. Some Cómision Federal de Electricidad (CFE) natural gas…

May 9, 2024
Mexico Natural Gas Imports Seen Breaking Records During Next Administration

Mexico Natural Gas Imports Seen Breaking Records During Next Administration

Mexico’s dependency on the United States for natural gas supplies is expected to continue to rise and hit record levels during the country’s next presidential administration from 2024-2030, according to Adrián Duhalt, a research scholar at Columbia University’s Center on Global Energy Policy. Mexico’s natural gas imports via pipeline have averaged 6.08 Bcf/d year-to-date through…

May 7, 2024
‹ Previous 1 2 3 1,248